Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
Interview: Public Affairs ‘Ironman’ Kevelighan Takes Helm at I.I.I.
Aug 16 2016 // Committing to a few extreme physical fitness events every year keeps Sean Kevelighan honest. “That, for me, is the incentive to insure that I keep my training going. It’s really good for your health, obviously,...
Further Simplifying, AIG to Sell United Guaranty to Arch for $3.4 Billion
Aug 16 2016 // American International Group Inc. agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to...
New York Court Rules in Favor of Injured Electrician Seeking Recovery From Employer
Aug 15 2016 // A New York court has ruled in favor of an electrician seeking recovery of unsatisfied judgment from his employer and its insurance company after being injured on the job. Pramendra Persaud was injured after falling off of...
New York’s VALE Insurance Adds DeRose to Transactional Team
Aug 15 2016 // VALE Insurance Partners, a New York based managing general agency focused on writing specialty property/casualty insurance, has hired Lidore Alexandra DeRose as vice president and underwriter. In her new role, DeRose will...
Independent Insurance Agents of New York Promotes MacConnell
Aug 12 2016 // Independent Insurance Agents & Brokers of New York Inc., an insurance producer trade organization based in Syracuse, N.Y., has promoted Julie MacConnell from director of marketing and communications to assistant vice...
GEICO Set to Expand Western New York Operations, Add 600 Jobs
Aug 11 2016 // GEICO is planning to expand its regional operations office in Western N.Y. in a move that it expects will bring more than 600 new jobs to the region, the company announced. The firm is set to open an additional facility in...
A.M. Best Revises Outlook to Negative for New York-Based Lancer Insurance
Aug 11 2016 // A.M. Best has revised its outlook from stable to negative for New York-based Lancer Insurance Co. and Lancer Indemnity Co.. The move comes as Lancer Insurance’s underwriting performance declined in the past several...
Firms May Shirk Foreign Verdicts as a Result of Chevron’s Pollution Win
Aug 11 2016 // Chevron wasn’t the only winner in Monday’s ruling by a federal appeals court over its long-running Ecuadorian pollution litigation. The victory, in which the court affirmed that a lawyer for victims engaged in...
New York Woman Faces 5 Years in Prison for Stealing $492K from Employer
Aug 10 2016 // A 61-year-old New York woman has been sentenced to prison time for stealing nearly half a million dollars from her longtime employer. The Erie County District Attorney’s Office said Bernadette Szymanski of...
New York Warns Against Selfies While Driving
Aug 10 2016 // Authorities are warning N.Y. drivers against taking selfies, citing a national review suggesting they are among the most likely to do it. It’s generally illegal except in an emergency to use a handheld mobile device...
AIG CEO Focus on Boosting Returns, Not Too Big to Fail Label
Aug 10 2016 // American International Group Inc. Chief Executive Officer Peter Hancock said he’s more focused on boosting returns than worrying about the government’s classification of his company as too big to fail. Peter...
Kirchhofer Named VP of Fidelis Group Holdings’ Marine Division in New York
Aug 8 2016 // Fidelis Group Holdings LLC (FGH), a maritime insurance provider headquartered in Louisiana, together with its subsidiary, Continental Underwriters Ltd., has hired John Kirchhofer as vice president of its marine...
Business Moves
Aug 8 2016 // World Insurance Associates, AIV Group World Insurance Associates, an independent insurance agency based in Tinton Falls, N.J., has acquired AIV Group, an insurance agency serving the Asian community. AIV Group, in...
People – East
Aug 8 2016 // Vermont Gov. Peter Shumlin has appointed Michael Pieciak as the commissioner of the Department of Financial Regulation (DFR), replacing Susan Donegan. Pieciak was previously deputy commissioner of DFR’s securities...
New York’s Boxing, Martial Arts Rules Include Insurance Limits
Aug 8 2016 // New York will require $1 million coverage for life-threatening brain injuries and other new health insurance for both professional boxers and its first group of licensed mixed martial artists under regulations slated to...
New York Workers’ Compensation Loss Costs Going Up 9.3%
Aug 8 2016 // New York has approved a 9.3 percent average hike in workers’ compensation loss costs effective Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep the insurance market stable...
New York Regulator Has ‘Significant Concerns’ About Anthem-Cigna Merger
Aug 4 2016 // New York’s insurance regulator has “significant concerns” about Anthem Inc.’s proposed $48 billion acquisition of rival health insurer Cigna Corp. and will hold a hearing to address them before...
New York City Pays $2.7M in Autistic Teen’s Death
Aug 2 2016 // New York City has agreed to pay $2.7 million to settle a wrongful death lawsuit filed by the mother of a 14-year-old autistic boy who was found dead after leaving his school in Queens. The Daily News reported the...
New York AG Charges Engineering Firm with Doctoring Sandy Claims Reports
Aug 2 2016 // New York authorities charged a Long Island engineering firm and one of its former executives with forging damage reports for homes swamped by Hurricane Sandy, altering the documents in such a way that owners’ flood...
Judge Denies Uber Bid to Enforce Arbitration in Consumer Suit
Aug 1 2016 // Uber Technologies Inc. can’t require a Connecticut customer accusing the company of price-fixing to resolve the fight in arbitration, a federal judge ruled in one of several cases challenging the ride-hailing...
